Budgeting in 2024: How Much Should HR Spend On Employee Rewards?

While preparing for expenses like talent management and succession planning may be top of mind, don’t overlook the importance of factoring employee rewards into the mix for your HR budget in 2024.

Employee engagement is crucial to the success of your company. By implementing various employee recognition programs and dedicating specific funds to them, you can motivate employees to be more engaged in their job duties and feel more satisfied with the company overall. 

Consider these examples of employee recognition programs and how you can factor them into your HR budget with this downloadable infographic.